Gold Transactions
Gold trading Strategy: Avoid large short positions; check key levels here
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
 "Gold trading Strategy: Avoid large short positions; check key levels here")
Gold trading levels today: Buy dip in yellow metal amid Iran-Israel news
Gold price today: Gold prices are expected to be highly volatile on geopolitical worries and crucial nonfarm payroll report.
 "Gold trading levels today: Buy dip in yellow metal amid Iran-Israel news")
Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024
UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)
 "Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024")
Gold trading strategy today: Resistance at Rs 75,100; Support at Rs 71,800
US yields and the US Dollar Index surged on no recession talks, which sent the yellow metal to $2547 in today's Asian session.
 "Gold trading strategy today: Resistance at Rs 75,100; Support at Rs 71,800")
Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000
Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.
Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500
The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon
 "Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500")
Trading at India's MCX resumes after 4-hour delay due to technical snag
MCX is primarily a venue to trade gold, silver, crude oil and base metal futures contract in India, a leading importer of these commodities
 "Trading at India's MCX resumes after 4-hour delay due to technical snag")
Gold prices rise to reach Rs 59,670, silver appreciates to Rs 77,100
The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 59,820, Rs 59,670, and Rs 60,220, respectively
 "Gold prices rise to reach Rs 59,670, silver appreciates to Rs 77,100")
Make e-way bill must for intra-state transportation of gold, suggests GoM
During the meeting, while Kerala and Karnataka wanted e-way bill for inter-state movement of goods, Gujarat and Bihar felt it was not practical and feasible
 "Make e-way bill must for intra-state transportation of gold, suggests GoM")
Bullion experts propose separate gold saving account to promote paper gold
Currently, transaction in paper gold is available in the form of exchange-traded fund
 "Bullion experts propose separate gold saving account to promote paper gold")
Black money crackdown: Soon, govt to notify new limits on gold transactions
Under the PMLA, every reporting entity is required to maintain a record of all transactions of value exceeding Rs 10 lakh
 "Black money crackdown: Soon, govt to notify new limits on gold transactions")
